Legal Question in Family Law in Louisiana

company investment

My husband worked for a co. that set up an account where a % of money was put in according to the profit he made for the company. When he divorced from his ex-wife in 2003 she knew about this account. This was not like a 401 k plan where you could borrow against the $ or withdraw. They mutaully agreed that she would waive any right to this account in return he would take on a house note... None of this was stated in the property settlement. So, now that the company has been bought out and the $ was disbursed, is my husbands exwife intitled to this money?


Asked on 3/26/07, 5:49 pm

1 Answer from Attorneys
Nick Pizzolatto, Jr. Pizzolatto Law Office

Re: company investment

I believe she can make a claim on it and if he cannot prove the existence of the agreement, then he may have to pay. But if she kept the house and he has been paying the house note, then it should be easy to prove the trade off.

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Answered on 3/27/07, 10:41 am


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